Ukraine Proposes Defense Joint Ventures With France Using Frozen Russian Assets Ukraine's Mod

2025-03-01 07:07:53

(MENAFN- UkrinForm) Ukraine has proposed to France the establishment of joint weapons production enterprises, funded by interest accrued from frozen Russian assets.

According to Ukrinform, this was reported by the Ministry of Defense of Ukraine.

Ukraine proposes establishing joint enterprises with French arms manufacturers based on specific needs. Several projects have been suggested that could be financed using interest from frozen Russian assets, Deputy Minister of Defense Serhii Boiev stated during a meeting with the French President's Special Envoy for Aid and Reconstruction of Ukraine Pierre Heilbronn.

Boiev noted that Ukraine's critical needs remain air defense and missile defense systems, interceptor missiles for existing systems, heavy armored vehicles, and ammunition.

"In addition to investments and production development, Ukraine is also interested in purchasing ready-made weapons. The needs remain significant, the situation on the front is dynamic, so we require swift decisions," the Deputy Minister emphasized.

Boiev also informed the French special envoy about Russia's current plans. He stressed that the aggressor's actions indicate that Russia has no intention of stopping the war and continues to expand its capabilities by forming new units, recruiting additional personnel, and developing its defense industry.

"For us, continued support from our partners and their willingness to increase it is crucial. Ukraine must be strong on the battlefield – this is key to achieving lasting peace," Boiev stated.

Read also: France proposes creating weapons stockpiles in Europe for use in Ukraine

As previously reported by Ukrinform, the European Union is exploring ways to confiscate part of Russia's frozen assets, amounting to $280 billion, to ensure financial and military support for Ukraine amid a possible reduction in aid from the United States.

Photo: Ministry of Defense of Ukraine

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